Industry News: Sportzone case to Supreme Court

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The Supreme Court has granted MTF and Sportzone Motorcycles leave to appeal the Court of Appeal judgment in the long ongoing ‘Sportzone’ case.

The case revolves around credit fees charged by the former dealer, and has lead to larger discussions around what financiers are able to charge.

The Court’s decision allows a continuation of the key arguments regarding the costs a lender can reasonably recover, through a fee charged to a borrower, under the ‘unreasonable fee’ provisions of the Credit Contracts and Consumer Finance Act 2003. Continue reading “Sportzone case to Supreme Court” »

Industry News: Fuel prices hitting Kiwi’s transport choices

canstarA new survey by consumer research company, Canstar Blue has lifted the petrol cap on Kiwis’ service station habits showing that 43% of New Zealanders’ quality of life is impacted by the cost of fuel.

In the same survey in 2014, 60% of people believed that fuel costs were affecting their quality of life, making for a downward trend but highlighting an ever-present problem, says Canstar New Zealand general manager, Jose George.

“Drivers are taking measures into their own hands to try and lessen the financial effects of fuel, with 45% reducing their use of the car air conditioner, and most likely their comfort along with it to save some cash. Continue reading “Fuel prices hitting Kiwi’s transport choices” »

Industry News: Mark Bernhard takes reigns at Holden

HOLDEN-MD-Mark-BernhardMark Bernhard, who began his career with Holden in 1986, has began his tenure as chairman and managing director of GM Holden.

Bernhard has held senior finance roles across GM globally in his 29-year career, and said he feels “excited and privileged to be returning home to Holden to lead a great Australian company.”

“Having started my career with Holden, I understand the strength of the brand and its importance to Australia and our customers. My job is to build on that for future generations,” Bernhard says. Continue reading “Mark Bernhard takes reigns at Holden” »

Industry News: Most powerful Mini yet launches down under

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The most powerful model to grace the Mini line up, the new Mini John Cooper Works hatch, officially went on sale yesterday (July 1).

Mini invited a small group of media to the Mini Garage in Newmarket, Auckland today to preview the new car ahead of a track day experience to be held in September at Hampton Downs.

The Mini sales and brand manager for New Zealand Brett Waudby told the media that the new hot hatch will appeal to brand lovers who want a step up in performance from the current Cooper S model, and he reckons it will also appeal to performance fanatics who might have considered a different brand. Continue reading “Most powerful Mini yet launches down under” »

Industry News: June set to be a high on back of commercials

David_Crawford_841Provisional registration figures  for new vehicles are yet to be released, but according to the Motor Industry Association numbers are already looking to be at record levels.

“We are expecting a very big June,” MIA chief executive David Crawford told AutoTalk this morning. “We are expecting the combined passenger and commercial market to be in the high 12,000 range – maybe over 13,000.”

Crawford believes the market has only broken the 13,000 mark a handful of times in its history. Continue reading “June set to be a high on back of commercials” »

Industry News: First stage of mandatory ESC in place

fhgdfhThe first step in Electronic Stability Control being mandatory took place yesterday – with most new vehicles now required to have the technology.

As of Wednesday, all new cars, vans, four-wheel drives and goods vehicles imported into New Zealand are required to have ESC.

Key for the trade was landing, clearing a pre delivery inspection and having a warrant issued on non-ESC vehicles, a number of which are being stockpiled. Continue reading “First stage of mandatory ESC in place” »

Industry News: Colonial sells iconic dealership

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Listed dealer owner Colonial Motor Company has announced it has sold its long-running Capital City Motors site in central Wellington – with the intention of moving the business.

The site operates as a Ford and Mazda franchise.

The building and land have been sold to property developers Vicinity, with a leaseback arrangement for the next two years. Continue reading “Colonial sells iconic dealership” »

Industry News: Outlook positive for electric vehicle uptake in NZ – research

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New research out of the University of Otago indicates Kiwis are keen to make the shift to energy efficient electric vehicles (EVs) but some key barriers are holding them back.

Dr Rebecca Ford, of Otago’s Centre for Sustainability, says that although EV uptake has been relatively slow – there were only 660 EVs in New Zealand as of May 2015 – they have an important role to play in New Zealand’s transport future.

“EVs are far more cost-effective to run than cars that use diesel or petrol. The challenge is in overcoming the obstacles preventing many New Zealanders from making the switch,” says Dr Ford. Continue reading “Outlook positive for electric vehicle uptake in NZ – research” »

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